A BILL to be entitled an Act to amend Chapter 5 of Title 48 of the O.C.G.A., relating to ad valorem taxation of property, so as to revise provisions related to the setting of millage rates; to limit the application of the freezing of the assessed value as a result of an appeal; to limit the application of a temporary reduction in the taxes owed when a taxpayer appeals to superior court and does not participate in the settlement conference; to provide for a statewide homestead exemption from ad valorem taxes in an amount equal to the amount by which the current year assessed value of a homestead is more than 3 percent from the adjusted base year value of such homestead; to provide for related matters; to provide for a referendum, effective dates, applicability, and automatic repeal; to repeal conflicting laws; and for other purposes.

Statutes affected:
As introduced LC 43 2939: 48-5-32.1, 48-5-32, 48-5-299, 48-5-311, 48-5-306, 9-11-5, 48-5-44.2, 48-5-40, 48-5-50.1
Committee Sub LC 50 0741S: 48-5-32.1, 48-5-32, 48-5-299, 48-5-311, 48-5-306, 9-11-5, 48-5-44.2, 48-5-40, 48-5-50.1
As Passed Senate: 48-5-32.1, 48-5-32, 48-5-299, 48-5-311, 48-5-306, 9-11-5, 48-5-44.2, 48-5-40, 48-5-50.1
LC 50 0868S/hss: 48-5-2, 48-5-34, 48-5-264, 48-5-274, 48-5-299, 48-5-311, 48-5-306, 48-8-6, 48-8-111, 48-8-200, 48-8-96, 48-8-125, 48-8-126, 48-8-2, 48-8-3, 48-9-2, 48-8-127, 21-2-540, 48-8-128, 48-8-129, 48-8-50, 48-8-130, 48-8-131, 48-8-132, 48-8-133, 48-8-134, 48-8-135, 48-8-136, 48-8-137, 48-5-32.1, 48-8-138
LC 50 0915S/hss: 48-5-2, 48-5-34, 48-5-264, 48-5-274, 48-5-299, 48-5-311, 48-5-306, 9-11-5, 48-5-44.2, 48-5-40, 48-5-50.1, 48-8-6, 48-8-111, 48-8-200, 48-8-96, 48-8-97, 48-8-109.30, 48-8-109.31, 48-8-2, 48-8-3, 48-9-2, 48-8-109.32, 21-2-540, 48-8-109.33, 48-8-109.34, 48-8-50, 48-8-109.35, 48-8-109.36, 48-8-109.37, 48-8-109.38, 48-8-109.39, 48-8-109.40, 48-8-109.41, 48-8-109.42, 48-5-32.1
LC 50 0939S/hrcs: 48-7-40.26, 48-7-21, 48-7-100, 48-7-1, 48-7-103, 48-2-15, 48-7-60, 48-7-61, 48-7-20, 48-7-40, 48-7-40.1, 48-7-40.17, 48-7-40.18, 45-12-93, 48-7-28.3, 48-7-40.37, 33-1-18, 33-5-31, 33-8-4, 33-40-5, 48-7-29.6, 50-7-120